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24 May
18:12

COBALT: Global cobalt demand to rise by 7% annually through 2030

Global demand for cobalt is expected to rise at a compound annual growth rate of 7% through 2030, mostly driven by electric vehicle battery consumption, Kallanish learns from Roskill. According to Ying Lu, senior analyst at the research and consulting firm, the growth will come even though battery manufacturers are increasingly attempting to reduce cobalt content in EVs, and developing new chemistries. “To keep the market in balance, we believe new supply…
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